Tourism sector welcomes G20

BRISBANE may be the host city for a meeting of the world's most powerful leaders in 2014 - but the rest of Queensland will reap the benefits.

Prime Minister Julia Gillard announced on Wednesday that Brisbane had been appointed host of the G20 Leader's Summit in 2014.

The summit will attract the world's leaders - from countries including the US, Russia and China - and Central Bank governors, over a two-day conference in November.

About 7000 international diplomats, their families and accredited media will descend on the Sunshine State for the event.

The tourism sector has welcomed the prestigious event, with major benefits predicted to flow on to regional Queensland.

"I believe from the 7000 people (attending the summit), some will be staying outside of Brisbane, whether it be the Gold Coast or even Sunshine Coast, and will be exposed to regional Queensland immediately," Queensland Tourism Industry Council chief executive Daniel Gschwind said.

"Although the focus will be on Brisbane, there will be an interest from the travelling journalists. There will be a strong incentive for them to add a day or two and stop off somewhere else in Queensland."

"The event will also enhance Brisbane and Queensland's reputation and ability to host major international events," he said.

A regional Queensland city also will get a share of the G20 pie with a plan to host a finance leaders meeting in a yet-to-be announced centre during the summit.

Premier Campbell Newman has flagged Cairns as a strong contender.

"We really need to give it a good boost and I know that that part of Queensland would again be a great venue for the finance ministers' part of the overall G20," he told Sky News on Wednesday.

The Australian Government also has agreed to foot most of $370 million summit bill, including additional police resources.

"Importantly, the Australian Government has also given an undertaking that no Queensland community will be left with inadequate police resources due to the summit," Mr Newman said.

The G20 Leaders Summit will be held on November 14 and 15 in 2014.

Brisbane to host G20 Summit

The Sunshine state will host the 2014 G20 Leaders' Summit and, in turn, attract the world's most powerful leaders.

Prime Minister Julia Gillard announced on Wednesday that Brisbane would be the city host.

A yet to be announced city in regional Queensland also will take part, hosting a finance ministers' meeting during the summit.

The G20 summit involves country leaders, Central Bank governors from 19 countries and representatives from the European Union.

The summit will be held on November 14 and 15.

Queensland Premier Campbell Newman said the international event would have a positive impact on Brisbane's economy.

"Hosting the G20 Leaders' Summit will provide worldwide exposure to Queensland and a significant boost to our economy with around 7000 delegates and members of the media set to descend on our State," Mr Newman said.

"The summit will provide a direct investment in Queensland through the use of a number of hotels, local service providers and will create jobs in the lead up and planning of the summit."

Mr Newman said the commonwealth had agreed to foot most of the bill of hosting the event, including providing additional police resources for security.

"Importantly, the Australian Government has also given an undertaking that no Queensland community will be left with inadequate police resources due to the summit," he said.